Posted by WTE (99..201.63) on October 04, 2022 at 21:34:25:
In Reply to: ====>DCZ posted by BL on October 04, 2022 at 21:33:06:
What To Expect
"Stock prices are finally bouncing, but
should end that bounce with the top signals due Oct. 5-6. There is a conflicting
bottom due Oct. 6 that we do not know
what to do with. The BC Indicator
shows an implied bottom due Oct. 8, but
those signals can invert, so it may turn
out to be describing the top of the new
bounce.
Gold shows only tops ahead, but that
does not necessarily mean an uptrend.
It just means that the indicators have not
revealed to us any intervening bottoms.
And the appearance of top or bottom
signals does not convey any message at
all about the underlying trend. The signals just detect the ripples in the liquidity stream.
Given that gold and bond prices have
fallen into a strong correlation lately, the
Oct. 10 top signal for gold may have an
effect for bond prices."